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LG Elec shares drop 5.4 pct on outlook worries



22 October 2009 @ 03:20 am ET

SEOUL - Shares in LG Electronics Inc extended losses on Thursday afternoon, falling more than 5 percent on growing concerns about a slowdown in the fourth quarter despite forecast-beating earnings. By 0434 GMT, LG shares were down 5.4 percent at 114,000 won, compared with the KOSPI's 1.4 percent loss.


LG Elec shares drop 5.4 pct on outlook worries
A man walks past the logo of LG Electronics at its headquarters in Seoul July 18, 2005. South Korea's LG Electronic Inc. and Internet search giant Google Inc. on Wednesday said they would pre-install Google services on LG mobile phones. (Reuters Photo / You Sung-Ho)
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(Reporting by Rhee So-eui and Seo Eun-kyung; Editing by Jacqueline Wong)

Copyright 2009 Thomson Reuters. All rights reserved.

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